Getting a quote for your car insurance is theoretically easier today than it has ever been in the past. There are a plethora of cost comparison sites online that people can go to, and most major insurance companies have an online presence where it is possible to get a virtually instantaneous quote.
There are also many insurance brokers around who specialise in most types of household and domestic insurance including car insurance who are able to obtain quotes quickly and effectively.
Insurance brokers were widely used prior to the internet being available for a couple of reasons. It was quite rare for an insurance company to have a presence that allowed members of the public to approach them directly.zero2turbo.com/2018/03/try-anonymous-auto-insurance-from-american-insurance.html Insurance companies preferred dealing with insurance brokers from a practical point of view and also from a financial point of view.
It was much easier to deal with an insurance broker who knew what they were talking about rather than dealing with a member of the public who probably didn’t. It also meant that financially it was simply a case of two companies agreeing accounts at various quarters and year-end and paying each other the balance.
The rise of the internet meant that car insurance quotes could effectively be automated. This is done on cost comparison sites as well as on direct websites of most of the major insurance companies.
There is a good and bad side to this. The good side is that there is effectively instant gratification by way of almost getting an immediate quote which will be valid for a certain period of time probably a month or so, and which will allow the person to see what the cost of their insurance will be.
The bad side to this is also instant gratification, in that people will begin a quote that may actually not be the final cost they end up paying when they take the policy out.
This is simply because on a number of cost comparison sites the quote is based on a number of assumptions which may or may not be accurate and which are then corrected which can lead to an increase in premium costs.
This is not to say that cost comparison sites are being dishonest, simply that it is a process by where the actual cost of the policy does not become clear until several stages have been gone through and by which point most people would probably just simply pay it rather than go through the whole hassle of obtaining a quote again.
Cost comparison sites have subtly simplified the whole issue of car insurance quotations, and used wisely can certainly result in much cheaper car insurance. It is important however to realise that there are a number of factors associated with cost comparison sites should give cause for concern.
The most important and obvious issue is that of privacy. When giving information for a car insurance quote you are giving a significant amount of personal information about you and your family, your home or domestic arrangements, occupation and salary levels as well as a significant amount of financial information.
The cost comparison car insurance site is also likely to use the information you provide to try and obtain other insurance quotes for you, or to help you reduce costs of your utility bills.
They will possibly do this automatically based on information you have given them, or they may market it in such a way as to elicit further information from you with the promise that they will tie in a reduced cost of another type of domestic insurance for you. It is also becoming increasingly common to promise reduce costs of utility bills by tying them in to some type of quote for car insurance.